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Nzd/usdTitle:
Technical analysis of the NZD/USD pair on April 13th, 2012
Commentary of the NZD/USD pair :
A strong bullish movement occured on the pair NZD/USD who broke the resistance at 0.8250, giving us a buy signal.
The pair has also validated an exit of its bearish channel (purple lines).
All indicators are bullish.
We continue to advise long positions as far as 0.8220 is support.
The breakout of 0.8313 will give a new buy signal and open the way towards 0.8350.
In case of return below 0.8220, we will be neutral between this level and 0.8180.
The breakout of 0.8180 will give a sell signal.
See the previous analysis of the NZD/USD pair of April 12th, 2012
NZD/USD Analysis
Title:
Dukascopy Afternnon Forex Overview : 12/04/2012
Fundamental Analysis
EUR
Germany's bond yield advanced after the country did not manage to meet maximum sales target. The average yield on the new benchmark 10-year bunds rose by six basis points, advancing to 1.71%. At the same time yields on two-year notes added four basis points approaching 0.13%.
USD
Natural gas futures fell below its key support level of 2.00 US Dollars per BTU, approaching 10-year low late on Wednesday as traders continued to sell off the fuel. Natural gas for May delivery traded at 1.98 US Dollars per BTU on the New York Mercantile Exchange, sinking by 2.39% in late US trade.
GBP
FTSE 100 index fluctuated between gains and losses on Thursday as government reported UK's trade deficit widened more than expected in February. Royal Dutch Shell tumbled 5% on news an ...
Title:
Japanese yen falls, while the Australian dollar found some support
The Japanese yen fell against the dollar and other major currencies today after BOJ’s Governor said that the central bank may continue its easing policy, which reduced demand for the Japanese currency to open the way for major currencies to rise against the yen.
On the other hand, the US dollar fell against major currencies to move on a narrow range against the Japanese yen, where the stability of monetary policy still affect on the federal currency against other major currencies.
The USD / JPY pair traded through a narrow range today, reaching its lowest level at 80.83 and the highest at 81.05, while it’s currently trading at 81.00.
The Australian dollar soared dramatically against the U.S. dollar today after positive data released by the Australian economy regarding the unemployment ...
Title:
Dukascopy Morning Forex Overview : 12/04/2012
Fundamental Analysis
EUR
"The ECB should be preparing itself" for "the return of significant financial market tensions"
- Silvio Peruzzo, an economist at Royal Bank of Scotland Group Plc
Spanish "market conditions are not justified," said ECB Executive Board member Benoit Coeure on Wednesday. "Will the ECB intervene? We have an instrument, the securities markets program, which hasn’t been used recently but it still exists."
USD
"Import prices were certainly a problem for businesses in the last three months, but we’ve seen those pressures ease"
- Jacob Oubina, a senior U.S. economist at RBC Capital Markets LLC
U.S. import prices increased more than expected in March, 1.3 per cent, reflecting higher fuel costs, the Labor Department said Wednesday.
GBP
"The unusually warm weather in ...
Title:
SunBirdFX Daily Market Analysis : 04/12/2012
www.sunbirdfx.com
Wall Street corrected yesterday part of the declines from Tuesday on the background of surprising repot by Alcoa. Google (GOOG) will be on the center today, as it will publish the company's results after the market closes. The investors received encouraging data from the federal budget balance that was -198.2B, against expectations of -202.5B. Today they will concentrate on the continuing jobless claims data, PPI m/m and trade balance.
NZD/USD
None of the currencies has managed to make a significant movement against the other and the pair is actually stamping, as the fact that the 20 EMA moves almost in the same line with the 50 EMA emphasize the situation. There is a simultaneous pressure of both buyers and sellers, as we can see in the daily chart that from one hand, ...
Title:
Forex Technical Analysis : 04/12/2012
- Forex Technical Analysis : 04/12/2012 -
(Timeframes: 30 minutes)
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Title:
Technical analysis of the NZD/USD pair on April 12th, 2012
Commentary of the NZD/USD pair :
The pair NZD/USD took support yesterday on 0.8180 and is currently testing the resistance at 0.82 and also the upper band of its bearish channel (purple lines).
All indicators are bullish.
We continue to advise short positions as far as 0.82 is resistance.
A return below 0.8180 will comfort our bearish feeling.
The breakout of 0.8135 will give a new sell signal and open the way towards 0.8080.
In case of return above 0.82, we will be neutral between this level and 0.8250.
See the previous analysis of the NZD/USD pair of April 11th, 2012
NZD/USD Analysis
Title:
NZD Climbs as Business Confidence Improves, Manufacturing Expands
The New Zealand dollar advanced today, rising for the second trading session, as macroeconomic reports showed that business confidence improved and manufacturing continued to expand, confirming positive developments in the New Zealand economy.
New Zealand Institute of Economic Research reported that business confidence index rose from 0 to 13 in the first quarter of 2012. Business NZ manufacturing index was down from 57.7 in February to 54.5 in March, but is still at the second highest level since May 2011. A figure above 50.0 indicates expansion.
Many analysts point out that the New Zealand currency is torn between opposite forces. Domestic fundamentals are good and positive for the currency, while the global economic environment isn’t particularly favorable to riskier currencies. At ...
Title:
Prospects of more easing hurts yen
Forex Morning Briefing : Prospects of more easing hurts yen
What’s new:
Forex: Yen falls on prospects of more stimulus by BOJ; Aussie recovers from 3-month low
Global Markets: Global shares extend declines as Europe’s debt crisis seen worsening
Euro zone: Bond yields rise sharply; Spain’s 10yr yields soar to highest since December 12th
Euro zone: Italy scheduled to sell €11 bln bills today
United States: Fed Vice-Chairman Yellen to speak today
Rates in Asia and Indices:
EUR/USD 1.3067 - 1.3116 0.24 %
USD/CHF 0.9162 - 0.9195 0.22 %
GBP/USD 1.5852 - 1.591 0.28 %
USD/JPY 80.62 - 80.95 -0.30 %
EUR/CHF 1.2012 - 1.2018 -0.01 %
EUR/JPY 105.45 - 106.15 -0.54 %
Dow Jones 12710.56 - 12929.59 -1.65 %
Nasdaq 2688.21 - 2749.51 -1.63 %
S&P 500 1357.38 - ...
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